So UBI ( universal basic income ) is one proposed solution to dealing with growing wealth inequality and coming demographics and social changes that will make the notion of the 1950’s capitalistic “hard work” untenable in heavily automated world of tomorrow. BEME youtube video on UBI of course as the video above points out there’s ...

Could the next stock market correction / crash be like the 1990’s Japan Nikkie Bubble? A question to ponder, as the stock market as of this writing at the close of 2017 has reaches all-time highs levels for all the major indexes. Could we see a correction so severe and long lasting that it might ...

Why Planet Money Rocks! Planet Money (NPR) podcasts are awesome! the podcast on anything related to finance, economy, money with plenty of social commentary mixed in, are thoroughly entertaining, thought provoking ,downright frustrating and most of all enlightening. In my daily diet of podcasts, Planet Money are almost always universally excellent, the wide variety of ...

How many of you out there have heard of the Powerball ? Megaball? MegaMillions? or any other of the hundreds of lotteries and games? now, how many have heard of prize-linked savings accounts? Not many, there’s a simple reason, that’s because they don’t really exist here in the U.S. (there are a couple experiments see ...

Lo and behold to my surprise yesterday, when 60 Minutes ran a story on exactly the topic I posted about a few months back, What happens When Robots do all the work? Pretty much this 60 Minutes story touched on all the points I discussed on my original blog posting. I recommend you watch the video here: ...

Everyone is complaining about China and how all of our jobs are going overseas, But the real concern may not be China or any other Asian country, it’s likely to be the inevitable march of technology , automation and how modern civilization in making the world a “better” place is going to bring a lot ...